.2 minutes checked out Last Updated: Sep 11 2024|12:14 AM IST.Digital borrowing platform FlexiLoans has actually increased Rs 290 crore in Series C financing coming from worldwide and also domestic real estate investors, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable company, Nuveen, and also existing investor Maj Invest.FlexiLoans, which gives to local business with a money flow-based financing version, will certainly utilize the new financing to expand its own functions, boost its own item offerings, and also reinforce its own technical commercial infrastructure, the company claimed in a release.The fresh capital will aid the provider expand its own resources under monitoring (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To time, FlexiLoans has disbursed over Rs 7,000 crore in fundings around greater than 2,100 towns as well as cities.." While as an NBFC we are going to keep elevating funds as and when demanded, this funds needs to be good enough for our company to develop to Rs 3,500 crore in AUM," claimed Deepak Jain, founder, FlexiLoans.The agency is targeting to pay around Rs 5,000 crore in car loans in FY25.In the following 3-4 years, the business might try to go social, Jain claimed. "Our team would like to perform it at the right time when our team attacked the right measurements as well as scale," he stated, incorporating that the company has actually paid for the last 3 years as well as is actually targeting double-digit profit in the present financial year and also triple-digit incomes in the next fiscal year." Our credit history price is actually around 3.3 percent as of the June quarter. Our company have actually regularly continued to be sub-5 percent as for credit prices are involved," he pointed out.Unitus Capital acted as the unique specialist to the transaction.Before this round, the company increased funds coming from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Funds, in addition to other popular household workplaces.1st Posted: Sep 11 2024|12:14 AM IST.